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Mix-Ansicht- Lufthansa will keinen Preiskrieg / Deuba stuft LH hoch - JüKü, 15.11.2001, 11:26
- Deuba stuft LH hoch-Wahrscheinlich will sie paar Pakete verkaufen!!! (owT) - Optimus, 15.11.2001, 13:27
Lufthansa will keinen Preiskrieg / Deuba stuft LH hoch
German airline Lufthansa AG said on Thursday it would cut capacity to suit the falling market, and warned rivals against trying to fill seats through price-cutting.
Wolfgang Mayrhuber, chief executive, passenger airlines, said he could not understand the logic of some major airlines which could not break even at 80 percent seat load factors, but insisted on cutting prices even if their load factor fell to only 45 percent.
"The airline industry is not...smart enough to adapt capacity to demand," Mayrhuber told a news conference in Hong Kong called to announce new China services. He declined to identify the airlines.
"No car manufacturer would continue to produce a car that isn't sold, and just lower the price," Mayrhuber said, adding that Lufthansa had grounded 43 aircraft, cutting capacity by 20 percent since September 11 attacks in the United States.
Blindly cutting prices was not fair to the company, shareholders or employees, Mayrhuber said.
The industry needed fair competition, he said.
"You will not see us line up in a price war because we'd rather take out capacity and make sure that we can sustain our future," he said.
"There is no free lunch, not even in the skies," he said. Lufthansa planned to add three flights between Hong Kong and Munich a week, he said. The new flights will give it a total of 27 weekly flights through Hong Kong, Shanghai and Beijing.
Asked about expanding its relationship with Air China, Mayrhuber said the next step was up to Air China, but ruled out investing in any initial public offering by the firm, saying that was against company policy.
Lufthansa and Air China have been code sharing for one year.
Lufthansa on Wednesday posted a near 64 percent drop in nine-month operating profits to 290 million euros (US$255.3 million), implying a third-quarter figure of 185 million euros, according to Reuters calculations using previous releases.
That meant a drop of 58 percent from 445 million euros in the third quarter last year, but beat the expectations of eight analysts polled by Reuters, who forecast a range of 60 million-146 million euros, with an average of 114.6 million.
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Die Deutsche Bank<DBKGn.DE> hat die Aktien der Deutschen Lufthansa AG hochgestuft auf""Buy" von zuvor"market perform". Wie die Bank am Donnerstag weiter mitteilte, wurde das Kursziel zugleich auf 17,50 Euro festgelegt. Die Deutsche Bank begründete ihre Einstufung damit, dass die Fluggesellschaft mit ihren am Vortag präsentierten Neun-Monats-Zahlen die Markterwartungen übertroffen habe.
Die Aktie der Lufthansa notierte am Donnerstagmittag mit 15,75 Euro 10,5 Prozent über ihrem Vortagesschluss.
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